Industry News

Another year of single-digit growth forecast for the PV industry, with China, Japan, and India accounting for 36% of global demand
Santa Clara, Calif., (March 11, 2013)—Solar photovoltaic (PV) demand will increase two gigawatts (GW), from 29 GW to 31 GW during 2013, up 7% Y/Y according to the new NPD Solarbuzz marketbuzz 2013. For the first time, China will outpace Germany to become the leading PV consumer, while the top 10 PV territories will still account for 83% of global PV demand.
“2013 will represent another transition year, as the PV industry adjusts to softness across legacy European markets,” according to Michael Barker, senior analyst at NPD Solarbuzz. “The Chinese end-market will largely compensate for the downturn in demand from Germany, which previously led PV demand.”